Frozen Russian assets in the UK, Luxembourg and Switerland alone could pay for the reconstruction of Ukraine's transport infrastructure, including six civilian airports, at least 344 bridges and 25,000 kms of highways, Ukrainian Foreign Minister Dmytro Kuleba said. And such assets currently held in Germany, Austria, Ireland
Ukraine has rebuilt 23,000 apartment buildings and private houses and 600 schools that have been damaged or destroyed during the past two years of war, Prime Minister Shmyhal said in a weekend press conference. That means less than 15% of damaged homes and less than 18.6% of schools
Ukraine-focused private equity firm Horizon Capital has raised $350 million for its HCGF IV fund, exceeding its initial target by $100 million, after a $20 million commitment from the Japanese government development agency. The HCGF IV fund, which seeks to invest in fast-growing, mostly technological and export-oriented
Some 29% of member companies of the American Chamber of Commerce in Ukraine have had employees killed in the war with Russia and 31% have had employees injured, according to a survey. The chamber also said only 54% of their members said all of their employees are safe, and 30%
The International Monetary Fund has reached a staff-level agreement to disburse $880 million to Ukraine as part of its ongoing loan to the country, the fund said in a press release. The disbursement follows the third review, held in Warsaw over the past week, of the IMF's
By Adam Brown, URN Editor-in-Chief (This is the first in the URN Pulpit series of editorials. Such sermonizing will appear on these pages when Adam's muse strikes or his blood pressure spikes.) The Guardian has just announced the "main winners" in the Russia-Ukraine
The International Monetary Fund is in talks with representatives of the Ukrainian government about the disbursement of a $890 million payment from its $15.6 billion loan, Reuters reported, citing unnamed sources. The IMF has declined to comment officially on the amount of money at the center of the talks,
Sumitomo Corporation has agreed to carry out a feasibility study on modernizing heat supply systems for Ukraine and Japanese manufacturer Komaihaltec has agreed to install 1 MW of wind turbines in the country. Both agreements were signed in Tokyo this week with Ukrainian state oil and gas company Naftogaz at
The Japan International Cooperation Agency (JICA), the entity that handles development funds for the Japanese government, has decided to invest $20 million in HCGF IV, the latest fund of Ukraine-focused private equity firm Horizon Capital. The investment, announced in Tokyo at the Japan-Ukraine Economic Reconstruction Promotion Conference, will
Japan has agreed to allocate €1.25 billion to support Japanese companies that invest in the reconstruction of Ukraine, Ukrainian Prime Minister Denys Shmyhal said during a visit to Tokyo. Shmyhal, whose visit comes as Japan host an international conference on the reconstruction of Ukraine, said the Japanese assistance will
A plan to use frozen Russian assets as collateral to issue debt for Ukraine would amount to an indirect seizure and would post financial stability risks to Europe, said the CEO of Belgian central securities depository Euroclear. CEO Lieve Mostrey said the plan would also make way for legal claims
Ukraine's economy grew at an annual pace of 3.5% in January, spurred by improvements in logistics and government spending, Economy Minister Yulia Svyrydenko estimated. An ease to shipping constraints in the Black Sea, expanded rail capacity and increased maritime cargo handling capabilities, plus an end to a
Nasdaq has signed an agreement with the Economy Ministry of Ukraine to help the country's reconstruction by waiving fees for Ukrainian companies that list on Nasdaq markets and offering advice on capital raising. Under the agreement, Nasdaq will also offer technical assistance on the future International Finance Center
The European Union adopted a law that sets aside profit generated from interest and other sources on frozen Russian assets held inside the EU in a first step toward using those assets to benefit Ukraine. The new law requires clearing houses, such as Everclear which holds most of the roughly
The Ukrainian government's economic policy in 2024 will focus on improving logistics in the country, boosting exports and drawing more foreign investment, Prime Minister Denys Shmyhal said. "First of all, we are expanding the geography of our exports," Shmyhal said at a Cabinet meeting. "We
The UK has agreed to extend a tariff-free trading period with Ukraine to 2029, meaning businesses from neither country will pay import duties on almost all products, Ukrainian Economy Minister Yulia Svydydenko said. The agreement adds five years to the existing tariff-free agreement, which the countries signed shortly
